NEW YORK, December 1, 2022 /PRNewswire/ —
The key players in the pediatric imaging market are General Electric Company, Siemens Healthcare GmbH, Koninklijke Philips NV, FUJIFILM Holdings Corporation, Toshiba Medical Systems Corporation, Agfa-Gevaert Group, Carestream Health, Canon Inc, Samsung Medison Co. Ltd, Hitachi Medical Corporation, Analogic Corporation, Esaote SpA, Medtronic plc, Mindray Medical International Limited, EDM Imaging, CAN-med Healthcare, EOS Imaging, Philips Medical Systems Technologies Ltd., KARL STORZ Group, LMT Medical Systems GmbH, Maranda Lauzon Inc, SternMed GmbH , Trivitron Healthcare Pvt Ltd, X-MOL and Shenzhen Anke High-tech Co. Ltd.
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The global pediatric imaging market is expected to grow from $7.01 billion in 2021 for $7.91 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The Russia–Ukraine the war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The pediatric imaging market is expected to grow to $11.26 billion in 2026 at a CAGR of 9.2%.
The pediatric imaging market includes sales of pediatric imaging devices by entities (organizations, independent traders, and partnerships) that are used to scan and diagnose organs, body parts, muscles, and others in smaller age groups of patients, such as infants, toddlers, fetuses, young adults and others. Pediatric imaging is a non-invasive advanced technology that analyzes the health conditions of children to provide an effective treatment plan and anticipate the health risks of a child in the early stages of life in order to prevent medical problems in the adolescent period.
The main pediatric imaging modalities are ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), x-ray and others. Ultrasound is used to visualize and obtain information about the internal parts of the body.
Ultrasound is an imaging technique commonly used in medical science that uses sound waves to form images of internal organs for diagnostic purposes. The different applications include orthopedics, gastroenterology, cardiology, oncology, neurology and others which are used in hospitals, diagnostic centers and other end users.
North America was the largest region in the pediatric imaging market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Pediatric Imaging market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising number of pediatric conditions among children is expected to propel the growth of the pediatric imaging market in the future. , and others to predict any abnormality in children’s body and prepare an effective treatment plan.
Pediatric nuclear medicine imaging is used to help identify life-threatening conditions in children that are congenital, infectious, noninfectious, or both, such as cancer. For example, according to the National Cancer Institute, a US department of health and human services, in 2021, approximately 15,990 children between the ages of 0 and 19 were diagnosed with cancer in United States. Hence, increasing number of pediatric diseases in children is driving the growth of the pediatric imaging market.
Technological advancement is the major trend followed by companies operating in the pediatric imaging market. Major companies operating in the pediatric imaging sector are focusing on developing technologically advanced products to strengthen their position in the market.
For example, in May 2021Philips Healthcare, a Netherlandsbased on advanced medical technology for scanning, launched Spectral CT 7500, a technologically advanced cutting-edge scanner working on spectral technology. Spectral technology uses multiple electromagnetic waves beyond the visible RGB (red, blue and green) spectrum which are capable of obtaining a clear image of the organ for diagnosis.
The Spectral CT 7500 uses spectral data for scanning to provide faster results with more certain diagnosis. Additionally, it can be used for precision diagnosis in pediatric, bariatric and cardiac care, oncology, emergency radiology and others.
In March 2021Fujifilm Holdings America Corporation, an American company active in imaging diagnostics, has acquired Hitachi Diagnostic Imaging for $1.38 billion (179 billion yen). With this acquisition, Fujifilm Holdings America Corporation aims to strengthen its product portfolio in the imaging diagnostics segment by providing comprehensive solutions for a wide range of clinical needs and expanding its global reach in the imaging diagnostics segment. Hitachi Diagnostic Imaging is a JapanNew York-based company that offers a wide range of diagnostic imaging equipment including MRI, CT scan and ultrasound for children and adults.
Countries covered in the Pediatric Imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaUK, UNITED STATES.
The Pediatric Imaging Market research report is part of a series of new reports that provide statistics on the Pediatric Imaging market, including the global market size of the Pediatric Imaging industry , regional shares, competitors holding Pediatric Imaging market share, detailed segments of the Pediatric Imaging market, market trends and opportunities. , and any other data you may need to thrive in the pediatric imaging industry. This Pediatric Imaging Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
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